eBook Show Me How A Lo Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used Actual unit price of direct materials 7,800 lbs. $5.7 per lb. Units of finished product manufactured 1,870 units 4 lbs. Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable Direct materials price variance-favorable $1,888 $1,560 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places. to Product finished 1,870 units Standard finished product for direct materials used 900 X units Deficiency of finished product for materials used 2,030 X units Standard cost for direct materials 23.6 per unit Feedback Check My Work Remember the process discussed in chapter for calculating standard direct materials cost per unit Learning Objective 2. Learning Objective 3. Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor: standard rate $16.00 per hr. standard time per unit 3 hrs. Direct materials (oak): standard price $8.50 per bd. ft. standard quantity 18 bd. ft. Variable factory overhead: standard rate $2.40 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table b. A standard cost system provides Sana Rosa management a cost control tool using the principle of Using this principle, cost deviations from standards can be investigated and correct